On Friday the Nifty went down and closed below the major support level of 5600!

After it broke the psychological level of 5600 Nifty went down by 40 points in a jiffy! The market is worried on three major issues

Fiscal cliff in the US

Disappointing industrial production data for the month of September 2012

Higher inflation rate

The market is expected to move up if the Government decides to go ahead with reforms. But right now the index would go down to touch 5400 levels and our retire rich members know what to do with the current market. They would concentrate on the stock picks given to them and would initiate a buy at appropriate levels. The market correction is viewed as an opportunity for the people who know the value investing stock. In fact FIIs have been buying even in the correction and they have bought close to 1 lakh crore in the current calendar year. You may sign up for retire rich stocks to participate in the webinar which is going to be held coming Sunday (Only for the people who sign up this week).